American Equity Specialty Insurance Company, based in Connecticut, is a top provider of property and casualty insurance.
They offer insurance for niche industries like construction, healthcare, manufacturing, professional services, real estate, energy, and transportation.
It’s a wholly-owned subsidiary of Travelers Companies, Inc.
American Equity Specialty Insurance Company (Connecticut)
American Equity Specialty Insurance Company, located in Hartford, Connecticut, is a property and casualty insurance company.
It began in 1997 and is part of the Travelers Companies. They offer different types of insurance, such as car, burglary, fire, and more.
Address: One Tower Square Hartford, CT 06183
Phone: (800) 991-5334
Services and Products
American Equity Specialty Insurance Company, based in Connecticut, offers a wide range of property and casualty insurance products. These include:
- Property insurance, which covers commercial and residential properties, inland marine assets, business interruptions, and equipment breakdowns,
- Casualty insurance, encompassing commercial and personal liability, workers’ compensation, and professional liability, as well as automobile insurance
The company also provides specialized insurance products, including excess and surplus lines, aviation, marine, and surety and fidelity insurance.
They aim to cater to diverse needs, offering flexible coverage and competitive rates.
Here are some specific products they offer:
- AssetShield: A fixed indexed annuity that combines growth potential with downside protection.
- IncomeShield: A fixed indexed annuity ensuring guaranteed lifetime income.
- Retirement Gold: A fixed indexed annuity offering growth potential and retirement income.
- Destinations: A fixed indexed annuity with various investment options.
- Bonus Gold: A fixed indexed annuity with a bonus for certain contributions.
Furthermore, American Equity Specialty Insurance Company extends a range of commercial insurance products, including:
- Commercial property insurance: safeguards commercial structures and assets against perils like fire and theft.
- Commercial liability insurance: shields businesses from financial losses due to lawsuits and claims.
- Workers’ compensation insurance: Provides benefits to employees injured or falling ill on the job.
- Professional liability insurance: protects professionals from losses stemming from malpractice or errors and omissions claims.
- Automobile insurance: Offers coverage for vehicles against accidents, theft, and other risks.
Financial Strength and Ratings
American Equity Specialty Insurance Company, based in Connecticut, boasts excellent financial strength ratings.
Fitch Ratings rates them A-, and AM Best assigns an A rating.
These ratings signal the company’s robust financial standing, ensuring they can fulfill their commitments to policyholders.
Comparison of American Equity Specialty Insurance Company’s financial strength ratings to those of other major insurance companies:
|American Equity Specialty Insurance Company (Connecticut)
|State Farm Insurance
Claims Process, Cancellations and Renewals
Nick Greenlight is an experienced individual in the financial sector, with knowledge spanning from investment management to income tax preparation.
He has been writing informative essays on personal finance for over a decade and holds several credentials.